Trump targets a Wall Street tax break

Trump wants to end a popular Wall Street tax break. What to know about the 'carried interest loophole'
President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment managers.
Wall Street Prepares to Defend a Favored Tax Break, Again
President Trump called for ending the so-called carried interest loophole, which saves financiers billions. It’s a tax break that has survived time after time.
Investment Group Opposes Trump's Carried-Interest Tax Hike Plan
"We encourage the Trump Administration and Congress to keep this sound tax policy in place and unleash more long-term investment that supports jobs, workers, small businesses, and local communities," said Drew Maloney,
Trump targets a Wall Street tax break also in Democrats' crosshairs
The Trump administration's list of tax priorities includes eliminating a loophole that benefits private equity firms, hedge funds and other big investors.
Why Trump Wants to Close the Carried Interest Loophole
President Donald Trump told Republican lawmakers that he is prioritizing ending a tax break popular among investment fund managers. The same day, a group of more than a dozen Senate Democrats also reintroduced legislation to end the tax break.
Trump Trade: President advocates to close carried interest tax loophole
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Trump looks to end a controversial tax loophole that has enriched Wall Street’s wealthiest for years
A little-known provision in the tax code allows private equity managers and hedge fund speculators to treat their earnings not as income but as capital gains, allowing them to cut their tax burden by roughly half.
Carried Interest Tax Rate Comes Under Fire, Again, from Trump
It’s a new presidential administration—and a new attempt is underfoot to go after carried interest taxes, the preferential tax rate that benefits venture capital, private equity and hedge-fund managers.
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1 in 5 taxpayers are missing out on thousands with this tax credit
The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.
Student loan borrowers can get a tax break worth up to $2,500—see who qualifies
If you paid interest on your student loan debt in 2024, you may be able to deduct up to $2,500 from your taxable income.
A tax credit worth up to $7,830 often goes unclaimed: See who qualifies for the EITC
(NEXSTAR) – There is a sizable tax credit for low- and moderate-income families, but the IRS estimates a fifth of eligible ...
IRS warns: Don’t overlook these tax credits. You could get up to $7K more in your refund
About one in five eligible filers overlook this credit, the IRS said. Certain filers can receive up to $7,830 more back in ...
How Union Budget 2025 has seen the biggest tax break in 20 years
The Union Budget 2025-26 has delivered the largest tax exemption hike in two decades, allowing individuals earning up to Rs ...
Trump Takes Aim at Private Equity’s Favorite Tax Loophole Again
Private equity’s favorite tax break is back in President Donald Trump’s crosshairs. Trump on Thursday told Republican ...